3542 Morgan DR new Save Request In-Person Tour Request Virtual Tour
Macon,GA 31294
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision New Sub
MLS Listing ID 7508549
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1951
Annual Tax Amount $496
Tax Year 2023
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Presenting an exceptional investment opportunity at 3542 Morgan Drive, where stability and profitability converge in one remarkable property. This single-family home, configured as a quadplex, offers four fully occupied units generating a reliable $3,080 per month in income. With three tenants secured under the Section 8 program and one senior citizen tenant, you'll benefit from guaranteed, government-backed rent payments, ensuring steady cash flow month after month. This property stands out not only for its consistent income but for its strong financial performance. With a Net Operating Income of $34,572 annually, it delivers an impressive 10% cap rate-a rare find in today's market. A 10% cap rate reflects a high return on investment, and this property has the long-term potential to continue performing at this level, offering a solid foundation for future growth. The current tenants are responsible, long-term residents who have demonstrated a strong commitment to maintaining the property and paying rent on time. With minimal turnover risk and stable tenancy, this is a hassle-free investment opportunity for those seeking passive income and low management demands. The seller is firm on the asking price, and this is an opportunity that will appeal to cash buyers only. With no due diligence period and no conventional financing available, this is an uncomplicated, streamlined acquisition designed for investors with immediate capital ready to deploy. The simplicity and certainty of this deal make it an ideal addition to any portfolio, promising reliable and sustainable returns from day one. 3542 Morgan Drive is not just another property-it's a cash-flowing asset that offers stability and strong returns. With the combination of guaranteed Section 8 rent, high profitability, and low-risk tenants, this opportunity is one that savvy investors will recognize for its immediate value. Act quickly to secure this property before it's gone.
Location
State GA
County Bibb
Lake Name None
Interior
Heating Central,Zoned
Cooling Ceiling Fan(s)
Flooring Carpet,Vinyl,Wood
Window Features Bay Window(s),Storm Window(s),Window Treatments
Exterior
Parking Features None
Fence Back Yard
Community Features Other
Utilities Available Electricity Available,Natural Gas Available,Water Available
Waterfront Description None
View Other
Roof Type Asbestos Shingle
Accessibility Accessible Bedroom,Accessible Full Bath,Accessible Kitchen Appliances,Accessible Washer/Dryer
Handicap Access Accessible Bedroom,Accessible Full Bath,Accessible Kitchen Appliances,Accessible Washer/Dryer
Total Parking Spaces 4
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Aluminum Siding,Block
New Construction No
Construction Status Resale
Schools
Elementary Schools Rosa Taylor
Middle Schools Miller Magnet
High Schools Central - Bibb
Others
Senior Community no
Tax ID N0720155
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None